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Financial planning for apocalyptic times
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Recorded September 26, 2011 - Alessio Rastani
The same advice we've been giving for many, many years now first through Brasscheck TV and now through Real Econ TV.
Job #1: Get out of the casino (stocks, commodities, high yield bonds (i.e. junk))
Job #2: Protect what you have: Short term US Treasuries and cash - yes cash
Job #3: Learn how to sell short (not something you can do overnight) and be prepared - eventually - to scoop up once in a century bargains.
Read: "Conquer the Crash" by Robert Prechter.
There isn't much time left. I don't know when the last shoe will drop, but we are definitely in the Fourth Quarter of the game.
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